Aug 21, 2023 | Blog, Shareholder Investigations
Investors of Napco Security Technologies Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Napco Security Technologies Inc. (“Napco” or the “Company”) (NASDAQ: NSSC).
NAPCO INVESTORS WHO HAVE SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
Shares of Napco stock fell significantly in pre-market trading on August 21, 2023, after Napco disclosed that “[o]n August 14, 2023, the Audit Committee of the Board of Directors of the Company[] concluded that the Company’s previously issued unaudited interim financial statements for fiscal quarters ended September 30, 2022, December 31, 2022 and March 31, 2023, respectively, included in the Company’s quarterly report on Form 10-Q for such respective quarters should no longer be relied upon.”
Napco also reported that “[d]uring the preparation of the Company’s consolidated financial statements for the fiscal year ended June 30, 2023, management of the Company identified certain errors related to the Company’s calculation of cost of goods sold (‘COGS’) and inventory for each of the first three quarters of fiscal 2023. Specifically, although the costs of several components fluctuated substantially during fiscal 2023, the Company’s costing procedures did not appropriately account for such fluctuations. As a result, inventories were overstated and COGS was understated, resulting in overstated gross profit, operating income and net income for each period.”
INVESTORS OF NAPCO STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Aug 13, 2023 | Blog, Shareholder Investigations
Investors of H&R Block, DuPont de Nemours, Amgen, The Goldman Sachs Group, Booz Allen Hamilton Holding Corporation & ACI Worldwide May Have Legal Claims and Are Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain officers and directors of the following companies breached their fiduciary duties to shareholders and whether investors suffered damages as a result:
H&R Block (HRB) – On November 22, 2022, The Markup reported that H&R Block shared its customers’ personal information with Google and Facebook, without their knowledge or consent. On July 12, 2023, members of Congress released a report following up on those assertions.
DuPont de Nemours (DD) – On June 2, 2023, DuPont announced that it had agreed to pay $1.185 billion with The Chemours Company and Corteva, Inc., to settle a class action lawsuit relating to PFAS-related drinking water claims of a class of public water systems. DuPont’s share of the settlement is about $400 million.
Amgen (AMGN) – On April 27, 2022, Amgen disclosed that the Internal Revenue Service (IRS) was seeking more than $5 billion in back taxes, plus interest and penalties related to Amgen’s accounting for profits between the U.S. and Puerto Rico in 2013-2015. On this news, shares of Amgen fell more than 6%.
The Goldman Sachs Group (GS) – On May 8, 2023, Goldman Sachs announced that it had agreed to pay $215 million to settle a class action lawsuit alleging widespread bias against women in pay and promotions.
Booz Allen Hamilton Holding Corporation (BAH) – On July 21, 2023, Booz Allen announced it had agreed to pay $377.5 million to resolve civil litigation and an investigation by the U.S. Department of Justice regarding allegations that Booz Allen improperly charged the U.S. government, from 2011 through 2021, for indirect costs that it should have billed under its commercial contracts. An investigation by the Securities and Exchange Commission regarding the same conduct remains pending.
ACI Worldwide (ACIW) – On June 27, 2023, the Consumer Financial Protection Bureau (CFPB) announced a $25 million penalty against ACI Worldwide for illegally processing $2.3 billion in mortgage payments with Mr. Cooper (formerly known as Nationstar).
Shareholders of either H&R Block, DuPont de Nemours, Amgen, The Goldman Sachs Group, Booz Allen Hamilton Holding Corporation or ACI Worldwide are encouraged to click here to contact Kehoe Law Firm, P.C. to discuss the breach of fiduciary duty investigations.
Investors are also encouraged to contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to learn more about the investigations and for a free, no-obligation evaluation of potential legal claims.
Aug 9, 2023 | Blog, Shareholder Investigations
Investors of Albemarle Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Albemarle Corporation (“Albemarle”) (NYSE: ALB) breached their fiduciary duties to Albemarle and its shareholders and whether Albemarle investors suffered damages as a result.
INVESTORS OF ALBEMARLE STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations
On September 29, 2023, the SEC ” . . . announced that Charlotte-based Albemarle Corporation, a global specialty chemicals company, agreed to pay more than $103.6 million to settle the SEC’s charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA).”
Further, “[a]ccording to the SEC’s Order, despite significant red flags, Albemarle used agents from at least 2009 through 2017 that paid bribes to obtain sales of refinery catalysts to public-sector oil refineries in Vietnam, India, and Indonesia and to private-sector oil refineries in India. In addition, the Order finds that Albemarle violated the FCPA’s recordkeeping requirements and failed to devise and maintain a sufficient system of internal accounting controls to provide reasonable assurances that payments made to agents in Vietnam, Indonesia, India, China, and the United Arab Emirates were for legitimate services.”
According to the SEC, “. . . [i]n a parallel action, the U.S. Department of Justice announced today it has entered into a non-prosecution agreement in which Albemarle agreed to pay a $99 million criminal fine and to a forfeiture of approximately $98 million, of which $81.8 million will be satisfied by the company’s payment of disgorgement pursuant to the SEC Order.”
ALBEMARLE SHAREHOLDERS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Aug 9, 2023 | Blog, Shareholder Investigations
Current Investors of Salesforce Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Salesforce, Inc. (“Salesforce”) (NYSE: CRM) breached their fiduciary duties to Salesforce and its shareholders and whether Salesforce investors suffered damages as a result.
INVESTORS OF SALESFORCE STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
On August 3, 2023, the Seventh Circuit Court of Appeals found that a former sex trafficking victim’s lawsuit against Salesforce stated a claim for facilitating sex trafficking of minors via Backpage.com, Salesforce’s then client.
SALESFORCE INVESTORS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Aug 3, 2023 | Blog, Shareholder Investigations
Investors of Dollar General Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Dollar General Corporation (“Dollar General”) (NYSE: DG) breached their fiduciary duties to Dollar General and its shareholders and whether Dollar General investors suffered damages as a result.
INVESTORS OF DOLLAR GENERAL STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
On July 17, 2023, a National Labor Relations Board (NLRB) judge wrote that Dollar General intended to interfere with the rights of Dollar General employees to organize, pursuant to corporate policy. Dollar General has also been investigated by the U.S. Occupational Safety and Health Administration (OSHA) as a “severe violator” for working conditions that endanger its employees.
DOLLAR GENERAL INVESTORS ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Jul 28, 2023 | Blog, Shareholder Investigations
Long-Term Investors of BAC Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Bank of America Corporation (“Bank of America”) (NYSE: BAC) breached their fiduciary duties to Bank of America and its shareholders and whether Bank of America and its shareholders have suffered damages as a result.
LONG-TERM INVESTORS OF BANK OF AMERICA STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
On July 11, 2023, the Consumer Financial Protection Bureau (CFPB) announced that Bank of America would pay $250 million in fines and restitution to customers for improperly charging extra fees, withholding rewards, and opening unauthorized credit-card accounts.
INVESTORS OF BANK OF AMERICA STOCK ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
